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Pacific Debt

in Debt Settlement Companies from Pacific Debt Inc

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Pacific Debt

Claimed

in Debt Settlement Companies from Pacific Debt Inc

SuperMoney Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

8 users recommend
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0 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
% of Debt Fee 15% - 25%
Minimum Debt Owed $10,000
Number of Reviews 8

Pacific Debt Review

Pacific Debt is a debt settlement company based in San Diego, CA. It offers debt relief services to borrowers in 27 state across the USA. Founded in 2002, it is a well-established company that has been in business for over 10 years.

Key Takeaways
  • Minimum debt balance of $10,000. Pacific Debt only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies. However, it will also only settle individual accounts if they have a balance of $500 or more per account.
  • AFCC and IAPDA accredited. Pacific Debt is a member of the American Fair Credit Council (AFCC), which is the largest trade association for the debt settlement industry. It also employs debt resolution specialists that have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
  • Well-established firm. Pacific Debt has been in business for 18 years.
  • Types of debt settled. Pacific Debt will only settle unsecured debts. These include credit card accounts, personal loans, payday loans, and medical bills.
  • Only available in some states. Pacific Debt is only available in 27 states.
  • Offers in-house debt relief services. Some debt settlement companies act as intermediaries for larger firms. This company uses its own staff to handle debt settlement accounts.
Pacific Debt Pros & Cons
Pros Cons
  • Lower than average fees
  • No monthly consultancy fee
  • Has IAPDA accredited debt specialists on staff
  • AFCC member
  • Debt relief services only available in 27 states
  • Only considers clients with a minimum debt balance of $10,000
  • Requires a minimum balance of $500 per account.
Pacific Debt FAQ

What does Pacific Debt do?

Pacific Debt offers debt relief services for the following types of debt:

  • Unsecured debt, such as credit card debt, personal loans and medical debt

What does Pacific Debt charge?

Pacific Debt operates on a contingency fee basis. Companies operating under a contingency fee model charge fees that are based upon a percentage of the debt at the time the consumer enrolled; occasionally they are based on a percentage of the savings negotiated by the debt-settlement company. Across the industry in general, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt.

Pacific Debt charges fees that range from 15% of the enrolled debt up to 25% of the enrolled debt, depending on the amount of enrolled debt provided.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to Pacific Debt directly to determine an accurate quote.

Does Pacific Debt offer a guarantee?

No, Pacific Debt does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.

What is the minimum debt Pacific Debt will consider?

Pacific Debt will only consider customers with unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

Does Pacific Debt perform its own servicing in-house?

Yes, Pacific Debt employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.

What accreditations does Pacific Debt have?

The two main trade associations in the debt relief services space are the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

  • Pacific Debt is an accredited AFCC member.
  • Pacific Debt is an IAPDA member.

Pacific Debt Disclosure: *Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   750 B St. Suite 1700
    San Diego, CA 92101
  •   Visit Site

Hours of Operation

Pacific Time
  • Sunday Closed
  • Monday 8:00am - 4:00pm
  • Tuesday 8:00am - 4:00pm
  • Wednesday 8:00am - 4:00pm
  • Thursday 8:00am - 4:00pm
  • Friday 8:00am - 4:00pm
  • Saturday Closed

About Pacific Debt

Message From Pacific Debt Inc

Above all though, the biggest difference between Pacific Debt and many of its competitors is the personal level of service the consumer receives throughout the process.

Availability

  Available in 27 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Florida
  • Idaho
  • Indiana
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Mexico
  • New York
  • North Carolina
  • Oklahoma
  • Pennsylvania
  • South Dakota
  • Texas
  • Utah
  • Virginia
  • Wisconsin

Feature Breakdown

Monthly Fee $0
% of Debt Fee 15% - 25%
Debt Type Unsecured Debt
Minimum Debt per Account $500
Minimum Debt Owed $10,000
AFCC Member  
Contingency Model  
IAPDA Member  
In-House Servicing  

Pacific Debt Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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